Aston Villa’s Tony Xia era over as Chinese billionaire fails to pay US$36 million debt to former owner Randy Lerner

//Aston Villa’s Tony Xia era over as Chinese billionaire fails to pay US$36 million debt to former owner Randy Lerner

Aston Villa’s Tony Xia era over as Chinese billionaire fails to pay US$36 million debt to former owner Randy Lerner

English Premier League side Aston Villa have confirmed that Chinese businessman Tony Xia is no longer involved with the club.This came because Xia was unable to pay a £30 million (US$36 million) debt to former owner Randy Lerner, payable because Villa gained promotion within three seasons of the May 2016 takeover.Xia took over the ownership of the club through his Recon Group after buying it for £76.2 million (US$91.6 million) from former owner US billionaire Randy Lerner.An August 9 filing by…

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By | 2019-08-11T10:01:09+00:00 August 11th, 2019|Sport|Comments Off on Aston Villa’s Tony Xia era over as Chinese billionaire fails to pay US$36 million debt to former owner Randy Lerner